42:3-26. Appointment of receivers or trustees when injunctive relief granted
77 words·~1 min read·
/nj/title-42/chapter-3/42-3-26A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Superior Court, at the time of providing injunctive relief as stated in section 42:3-25 of this Title, or at any time thereafter, may appoint a receiver or receivers or trustees for the creditors and members of the association, who shall have all the powers and authority, rights and privileges, in this article prescribed and conferred upon the receiver or receivers hereinbefore provided for.
Amended by L.1953, c. 40, p. 764, s. 16, eff. March 19, 1953.